Legal Question in Real Estate Law in Connecticut

Real Estate

If two people own a home and the person who does not resides there takes out a personal loan,can the bank come after the home if the person defaults on the loan.I was told the house was used as collateral after the loan was approved though I had no knowledge of it and never signed anything.


Asked on 7/18/07, 9:05 pm

1 Answer from Attorneys
James Aspell Law Office of James F. Aspell, PC

Re: Real Estate

Yes, if the other person is on the title, it is their asset as well as yours.

Jim

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Answered on 7/18/07, 10:56 pm


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